As Pi Network’s official launch date is approaching, speculation for Pi Coin price is increasing. Based on the mobile mining model, the project attracted millions of users and aroused great interest in the crypto currency market. For now, the fluctuation of the PI IOou price between $ 61 and 70 dollars is interpreted as an early indicator of the levels of the token can be traded in the open market.
One of the Hype projects in crypto history: Pi Network
Pi Network is considered one of the largest launch in crypto currency history. Unlike traditional mining, it eliminates expensive hardware requirements by offering users the opportunity to make mining only through mobile applications. The fact that Bitcoin mining has become very costly and the large mining farms dominated the sector has greatly increased the interest in Pi Network’s innovative model.
Therefore, before the launch, a significant rise in the Iou price of the PI Token was seen. On February 11, the PI IOou price increased by 62 %in just a few hours, creating a great debate in the markets. This sudden price movement triggered speculation of how Pi Network’s full processing, with the fact that it will show pricing in the market. The project, which has a great interaction on social media, reached more than 3.7 million followers in its official X account and left behind major projects such as Ethereum. This large audience reveals the size of Pi Network’s popularity.
Pi Coin Price: What are the expectations?
With Pi Network’s official launch, forecasts about the token’s entry price to the market are also increasing. When the largest AirDrop and new blockchain launch in recent years were examined, it was observed that most of these projects were initially traded at high prices, but it was observed that they lost value over time. While projects such as Pengu, Bera and Blast experienced harsh decreases after the launch, some exceptional projects such as Hyperliquid were able to maintain price balance.
According to Analyst Tiago Amaral, the latest movements of PI IOOU price offer a critical data to show how the market prioritizes the token before the launch. Although sudden fluctuations occurring from time to time up to 90-100 dollars, these price levels were not permanent. According to the analyst, token, which is traded more steadily between $ 59-76, has a strong demand, especially in the $ 57-60 band. This strengthens the possibility that the PI price after launch can be balanced in the range of $ 61-70.
However, the biggest unknown of the market will be how Pi Network will manage the token supply after the launch. As seen in previous AirDrop projects, the intensive sales pressure of early investors may increase the volatility of the price. Therefore, Pi Network will have to manage the supply and demand balance well. As a result, according to analysts, the launch of Pi Network is one of the most remarkable events in the crypto market in 2024. Post -launch price movements will be a critical determinant for the long -term future of the project.
